Steel News

Evraz to Acquire up to 51% of China’s Delong Holdings

20 February 2008 - Evraz Group enters into share purchase agreement to acquire up to approximately 51% of the issued share capital of Delong Holdings Limited over an agreed period of time.

Iron Ore Prices to Increase 65% for Nippon Steel and Posco

19 February 2008 - Companhia Vale do Rio Doce concludes iron ore price negotiations for 2008 with Nippon Steel and Posco, resulting in a 65% increase in prices for Southern System fines.

Air Liquide to Provide High-Capacity Air Separation Units for Posco

18 February 2008 - Air Liquide signs contracts to design and build very large air separation units—each with a production capacity of over 3,000 tonnes of oxygen per day—with Posco in South Korea and with Shenhua Ningxia Coal in China.

VALE Reports 2007 Production

18 February 2008 - Companhia Vale do Rio Doce reports record production in 2007 of 296 million tonnes of iron ore, 17.6 million tonnes of pellets, and 247,900 tonnes of finished nickel, in addition to copper, bauxite, alumina, aluminum, kaolin, and cobalt.

Mechel Stampings Plant Certified in European Standards Audit

15 February 2008 - Specialists unanimously confirm that railway axle manufacturing equipment at Urals Stampings Plant OAO is in compliance with the high standards for manufacturing railway axles for the European market.

Gerdau Announces 2007 Consolidated Results

15 February 2008 - The Gerdau Group reports consolidated net income of R$ 4.3 billion on consolidated net sales of R$ 30.6 billion for 2007.

ThyssenKrupp Reports Results for Fiscal 1st Quarter

14 February 2008 - ThyssenKrupp reports earnings before taxes of €646 million for the first quarter of 2007/2008, with order intake and sales reaching the same high levels as in the prior-year quarter.

ArcelorMittal Reports Record Results for 2007

14 February 2008 - ArcelorMittal announces net income of $2.4 billion on sales of $28.0 billion for the fourth quarter, and net income of $10.4 billion on sales of $105.2 billion for the twelve-month period ended December 31, 2007.

Tata Steel Division Honored for Safety Performance at Coal Mines Safety Week

13 February 2008 - The Golden Jubilee annual coal mines safety week for the Ranchi-Koderma Region culminates with a prize distribution ceremony at Tata Steel’s West Bokaro Division.

ThyssenKrupp VDM Starts up Expanded Wire Production Facility

13 February 2008 - ThyssenKrupp VDM GmbH has relocated its wire production to Werdohl, near the company’s headquarters, with the startup of a new, state-of-the-art production line for nickel alloy and high-alloy special stainless steel wire.

Outokumpu and Al-Hejailan Group Join Forces in Middle East

13 February 2008 - Stainless steel producer Outokumpu will form a 51/49 stainless steel tubular joint venture with Armetal, a Saudi Arabian manufacturer of architectural stainless steel.

Siemens-Midrex Consortium Starts up World’s Largest HBI Plant in Russia

12 February 2008 - Siemens Metals Technologies and consortium partner Midrex Technologies start up the world’s largest hot-briquetted-iron production facility at Lebedinsky Mining and Processing Integrated Works near Gubkin, Russia.

Siemens to Equip Slab Casters for Anshan-Linggang Joint Venture

11 February 2008 - Siemens Metals Technologies will engineer and supply equipment, technological packages and automation systems for two single-strand medium-thickness slab casters to be installed at Chaoyang An-Ling Iron & Steel, a joint venture facility being built by Anshan Iron & Steel and Lingyuan Iron and Steel.

Outokumpu to Expand Stainless Service Center in France

08 February 2008 - Outokumpu will relocate and expand its stock and processing capability in France in order to improve local service to its French stainless steel customers.

MultiServ Gets Contract Extensions at Corus Ijmuiden, Nucor Yamato

08 February 2008 - Harsco’s MultiServ mill services division is awarded multi-year contract extensions at the 7 million tonne/year Corus IJmuiden strip products works in the Netherlands, and at the Nucor Yamato works in Arkansas, which is preparing for a significant expansion of its production later this year.

Ipsco Parent Reports Results for 2007

08 February 2008 - Reporting profit after financial items of SEK 1,923 (1,585) million for the fourth quarter on sales of SEK 16,086 (8,316) million, Ipsco parent SSAB said that Ipsco began to make a positive contribution to the Group’s results in the fourth quarter.

Terra Nostra Subsidiary Adds 310S Stainless to Product Lineup

07 February 2008 - Terra Nostra’s Shandong Quanxin Stainless Steel joint venture is now manufacturing continuously cast 310S-grade stainless steel, with the first production order shipped in January.

Siemens to Equip Bar Mill for Thep Viet Steel

07 February 2008 - Thep Viet Steel of Vietnam places order with Siemens Metals Technologies to equip a new bar mill at the company's Ba Ria facility.

Danieli Morgårdshammar to Supply Two Rolling Mills for SAIL ISP Facility

07 February 2008 - Danieli Morgårdshammar will supply a high-speed wire rod mill and a high-speed endless bar rolling mill for SAIL’s IISCO Steel Plant (ISP) in Burnpur, West Bengal.

ArcelorMittal to Build Steel Plant in Egypt

07 February 2008 - ArcelorMittal prepares to construct a 1.6 million tonne/year DRI/EAF based steel plant in Egypt after securing the license from Egypt’s Ministry of Trade and Industry for a winning bid of L.E. 340 million (approximately USD 60 million).